US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden is directing the federal government to develop a strategy to curb
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In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong. Evelyn Cheng | CNBC BEIJING — Foreign investors and financial institutions are still keen to invest in China despite geopolitical tensions — and a lot more
In this article BTC.CM= A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Chris McGrath | Getty Images Bitcoin’s price hovered above the $40,000 level on Friday, as a comeback for the world’s top cryptocurrency was checked by worries around regulation. The digital coin
Alex Chi, Goldman Sachs Source: Goldman Sachs A year after the pandemic began in New York City, something snapped in Alex Chi. The 48-year-old Goldman Sachs banker had been inundated with articles and video clips of horrifying seemingly random attacks on Asian Americans in his home town. Then, in late March, eight people were gunned
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve is facing a big summer ahead as markets look for clues about when the ultra-easy policy measures put in place during the pandemic might finally start to unwind. Investors got their
In this article @1YM21M .DJI Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares. Futures on the Dow Jones Industrial Average added 6 points. S&P 500 futures were flat. Nasdaq-100
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday that it will release a
A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images Bitcoin fluctuated between gains and losses Thursday, as the world’s largest cryptocurrency struggled to recover from a major sell-off during the previous session. The digital currency initially climbed Thursday
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped more than 6% in extended trading after the company issued weaker-than-expected guidance for the next
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in